NOT LISTED FOR SALE

Murphy, NC 28906

Estimated Value: $2,946,000

222.29 Acres
$13,253 Price per Acre
9,682,952 Sq Ft Lot

Last Sold May 19, 2021

Last sale price $1,695,000

Est. 74% increase in value since last sale

Current estimated payment $18,366/month

165 Days on Market

Highlights

  • Lake Front
  • Stables
  • 222.29 Acre Lot
  • Barn
  • Home fronts a creek
  • Partially Wooded Lot

About This Lot

As of May 2021

Sheltered in the Western North Carolina Appalachian Mountains, this 222+/- acre private land tract surrounded by mature forests offers endless possibilities. Over $1 million already invested in improvements including a 5-stall stone barn finished w/antique shutters & doors from Belgium, groundskeeper efficiency on 2nd floor,18 acres pasture with 7 acres fenced, attractive gated entry with guardhouse, long paved drive, 5+/- miles of riding/hiking trails, picturesque 3 acre lake with fishing & swimming dock. Many breathtaking views (peak elev. 1,880'), trout fishing on 1-mile of bold &d winding Shoal Creek. Abundant wildlife, underground power, high capacity well, great wide gravel road system already installed & much more. Just 7 mins.to the boat launch on beautiful Lake Hiwassee or Lake Appalachia. Short drive to the historic town of Murphy. Less than 2 hrs from Atlanta, Knoxville, Chattanooga, Asheville, 25 mins from Murphy/Andrews airport and Cherokee Casino. Ideal private or family estate, ranch, equestrian development, venue or wellness community. If you're searching for a unique property that will meet or exceed your expectations, this is it!

Last Agent to Sell the Property

Frank Pimental

Mossy Oak Properties Carolina Timber And Realty Brokerage Phone: 8284774248 License #250086 Listed on: 11/02/2020

Last Buyer's Agent

Board Member Non

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,036

Lot Details

  • 222.29 Acre Lot
  • Home fronts a creek
  • Lake Front
  • Property fronts a state road
  • Partially Fenced Property
  • Lot Has A Rolling Slope
  • Partially Wooded Lot

Parking

  • Paved Parking
  • Open Parking

Farming

  • Barn

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • Underground Utilities
  • Well
  • Septic Tank
  • Septic Permit Issued

Additional Features

  • Property Views

Community Details

  • No Home Owners Association
  • Stream

Listing and Financial Details

  • Assessor Parcel Number 453400409077

Property Details

Property Type

Land

Est. Annual Taxes

$7,036

Lot Details

0

Listing Details

  • Property Sub Type: Other-See Remarks,Land,Residential
  • Prop. Type: Land
  • Horses: Yes
  • Lot Size Acres: 222.29
  • Road Frontage Type: State Road
  • Road Surface Type: Paved, Paved Road
  • Ownership: More than One Year
  • Subdivision Name: None
  • Directions: E to W: Go US 64W to Murphy, Turn left onto US 19S/US 129S. Travel approx. 8 miles & turn right onto Hwy 294/NC-294. Go 8.6 miles & turn right onto Hiwassee Dam Access Rd. S to N: Go I-75N to I-575N. Continue straight onto Rte. 5N., then Rte. 76N to Rte. 60. Turn left on Rte. 64, then turn right onto Highway 294/N. 8.6 miles on 294, turn right onto Hiwassee Dam Access Rd.&1st left into entrance
  • Habitable Residence: No
  • NAV27_rets_property_type: Land
  • Special Features: None

Interior Features

  • Possible Use: Residential, Subdevelopment, Horses

Exterior Features

  • Fencing: Partial
  • Lot Features: No Deed Restrictions
  • Topography: Rolling
  • View: Year Round View
  • View: Yes
  • Waterfront Features: Lake/Pond, Creek
  • Waterfront Elevation: 1880
  • Other Structures: Barn(s), Stable(s)

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved Driveway

Utilities

  • Sewer: Septic Tank, Septic Permit
  • Utilities: Water Available, Underground Utilities
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 9682952.4
  • Parcel #: 453400409077
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 7036.43
  • Tax Book Number: 1162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
May 11, 2021
Sold by
Banks Development Llc
Bought by
Rushton Investments Llc
Seller's Agent
Frank Pimental
Mossy Oak Properties Carolina Timber And Realty
Buyer's Agent
Board Member Non
List Price
$1,695,000
Sold Price
$1,695,000
Current Estimated Value
$2,946,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,251,000
Original Mortgage
$1,356,000
Outstanding Balance
$1,128,942
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 9, 2005
Sold by
Donaldson Roger L and Donaldson Vicky L
Bought by
Banks Development Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rushton Investments Llc $1,695,000 None Available
Banks Development Llc $1,500,000 --
Banks Development Llc $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rushton Investments Llc $1,356,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2021 05/19/21 Sold $1,695,000 0.0% --
04/19/2021 04/19/21 Pending -- -- --
11/04/2020 11/04/20 For Sale $1,695,000 -- --
Source: Carolina Smokies Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2021 $0 $655,320 $0 $0
2020 $3,434 $655,320 $0 $0
2019 $3,528 $617,950 $0 $0
2018 $3,528 $617,950 $0 $0
2017 $3,528 $617,950 $0 $0
2016 $3,528 $617,950 $0 $0
2015 $3,528 $617,950 $532,320 $85,630
2012 -- $617,950 $532,320 $85,630
Source: Public Records

Agents Affiliated with this Home

  • Frank Pimental

    Seller's Agent in 2021

    Frank Pimental

    Mossy Oak Properties Carolina Timber And Realty

    (828) 342-9972

    1 in this area

    16 Total Sales

    Frank Pimental
    Section Image

  • B

    Buyer's Agent in 2021

    Board Member Non

See All Agents

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26017736

APN: 4534-00-40-9077-000

North Carolina Cherokee County Murphy

28906

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